McDonald's Corp. (MCD) said its former chief executive will receive $3 million under a one-year consulting agreement, while his replacement saw a 69% increase to his base salary. Former CEO Don Thompson, who retired effective Sunday, will receive two $1.5 million payments, one in September and another in March, the company said in a filing Tuesday. The fast-food chain, struggling amid declining sales and menu changes, said on Jan. 28 that Mr.

NEW YORK-- Fast-food giant McDonald's Corp. (MCD) is hoping is first-ever sponsorship of the South By Southwest festival in Austin, Texas, will "generate awareness" of its digital initiatives and will help it build relationships with entrepreneurs and "influencers," according to spokeswoman Becca Hary. Hary declined to specify how much McDonald's (MCD) is spending on the event, which began in 1987 as a music festival and has since spawned film and interactive-media offshoots.

The following are the top stories from selected Canadian newspapers. THE GLOBE AND MAIL. ** The Canadian government is actively searching for a new top military commander to succeed General Tom Lawson after he asked that his three-year appointment not be extended.

McDonald's Corp. (MCD)' s new chief executive has set expectations high for change at the world's biggest restaurant chain. Now he'll have to deliver. Steve Easterbrook assumed command of the Golden Arches on Sunday, replacing Don Thompson, who retired.

The firm behind Cafe Coffee Day, India's biggest homegrown coffee chain, is set for a market debut that could value it at almost $1 billion, even as the country's burgeoning cafe culture draws global giants Starbucks (SBUX) and McDonald's (MCD). Cafe Coffee Day, a cafe pioneer in India, aims to list a 20 percent stake, raising roughly $200 million, within the next quarter, sources with direct knowledge of t...

While sit-down eateries have had it tough for the past several years, some have been thriving. Aside from serving the right type of cuisine, the recipe for success has been to target well-off customers. Now the pendulum may be swinging the other way.

McDonald's Corp. (MCD) has deliberately avoided paying about 1 billion euros in European tax by diverting revenue via a Luxembourg-based subsidiary, labor unions and a campaigning charity said Tuesday. Over five years from 2009 to 2013, the fast-food giant paid EUR16 million in tax, on cumulative revenue of EUR3.7 billion from restaurants in major markets such as France and Germany, they said in their report "Unhappy Meal". "We call on the European Commission and respective national...

Australia and the United States, two of the world's biggest wheat exporters, are racing to become mass producers of the South American "super food" quinoa and tap a gluten-free market expected to be worth more than $6 billion by 2018.

Labor unions and a charity accused fast food chain McDonald's (MCD) of avoiding around 1 billion euros in tax between 2009 and 2013 by routing revenues through a Luxembourg unit and called on the European Commission to investigate.

Labour unions and a charity accused fast food chain McDonald's of avoiding around 1 billion euros in tax between 2009 and 2013 by routing revenues through a Luxembourg unit and called on the European Commission to investigate.

- A prominent investor in Wal-Mart Stores Inc (WMT) is pushing ahead with a campaign to link a portion of executive compensation to staff motivation, a sign that the retailer's wage hike last week won't end outside pressure over employee pay and benefits.

Veterans Affairs Secretary Robert McDonald reached out to veterans groups Tuesday to apologize for claiming he had served in the military's special forces, moving quickly to prevent the gaffe from turning into an issue that could derail his efforts to overhaul the agency. McDonald called some groups, held a news conference and met in the afternoon with the American Legion to address the claim he made during a brief conversation earlier this year with a homeless man as he...

SAO PAULO--A group of Brazilian unions are suing McDonald's Corp. (MCD)' s Latin America franchisee, Arcos Dorados (ARCO), alleging labor law violations that include paying less than the minimum wage and prohibiting employees from taking required breaks. The National Confederation of Tourism and Hospitality Workers, or Contratuh, filed the suit Monday in a labor court in Brazil's capital, Brasilia, with the backing of several other unions. The unions asked the court to force Arcos Dorados...

Brazilian unions have filed suit alleging that the largest operator of McDonald's restaurants in Latin America violates Brazil's labor laws, a case that could lead to fines of up to 30 percent of annual sales.

U.S. West Coast ports will resume full operations from Saturday evening after a tentative labor deal was reached between a dockworkers union and a group of shippers, easing months of disruptions to trans-Pacific trade that have hit businesses from automakers to meat exports. The agreement involving 29 ports was announced late on Friday in a joint statement by the two sides.

A group of shipping companies and a powerful dockworkers union reached a tentative labor deal late on Friday after nine months of negotiations, settling a dispute that disrupted the flow of cargo through 29 U.S. West Coast ports and snarled trans-Pacific maritime trade with Asia.

Consumer-discretionary stocks have taken off like an Acme rocket chasing the Roadrunner thanks to expectations for an oil-and-jobs fueled burst of consumer spending. What looked like the perfect setup, however, might have left the sector hanging like Wile E. Coyote before he realizes there's no ground to hold him up. Consider: For the past three months, discretionary stocks--think Walt Disney (DIS), Home Depot (HD), and McDonald's-- have been on a roll, nearly tripling the Standard& Poor's 500'...

U.S. West Coast ports will resume full operations from Saturday evening after a tentative labor deal was reached between a dockworkers union and a group of shippers, easing months of disruptions to trans-Pacific trade that have hit businesses from automakers to meat exports. The agreement involving 29 ports was announced late on Friday in a joint statement by the two sides.

McDonald's Corp (MCD) and its franchisees may have few options but to begin raising hourly wages as an improving U.S. economy creates competition for good workers and as mega-employer Wal-Mart Stores Inc (WMT) sets a higher bar on pay, according to labor experts. The pressure comes at a particularly difficult time for the world's biggest fast-food chain. McDonald's (MCD) declined comment.

Even fast food deserves a second chance-- well, at least certain menu items. This week, McDonald's (MCD) announced that it would be bringing back Chicken Selects-- its "premium" chicken fingers-- after removing them from its menus in February 2013. The Chicken Selects-- which were first introduced in 1998 and became a menu fixture in 2003-- will be offered for a limited time, though some markets will have the option of keeping them on the menu for longer. The news was met with plenty of delight on...

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